The Right Mortgage & Protection Network (TRM) has today signed specialist property finance provider TAB to its lender panel.
TRM said this would increase the range of financing solutions available to its member companies.
From today, TRM advisors have access to TAB’s mortgage and bridging loans, with a mortgage interest rate from 3.5% per annum and a base rate from the Bank of England.
Rates for TAB bridging finance products start at 0.68% per month, with loans ranging from £100,000 to £5 million. LTVs are available from over 70% for residential and up to 70% for commercial.
Acceptable borrowers include private individuals, limited companies and LLPs, with properties in England, Wales and mainland Scotland eligible.
TAB has coverage in Great Britain through its team of business development managers.
The lender was founded in 2018 and has lent more than £800 million to date. It is backed by CarVal and a network of more than 500 active investors.
Victoria Clark, head of lending at TRM, said: “We are very pleased to welcome TAB as our newest specialist lender to our panel.
“In today’s market, speed, certainty and direct access to decision makers are increasingly important for advisors and their clients, and more and more of our AR businesses require flexible real estate solutions for both mortgages and bridging finance.”
TAB chief executive Duncan Kreeger said: “We are excited to launch The Right Mortgage Network and deliver a sharper, faster approach to specialist financing.
“At TAB we stand for relationships, reliability and fast-paced mortgages, giving brokers the confidence to act quickly and deliver to their clients.”
Earlier this month TRM Gatehouse Bank registered to his panel.